China Approves Rare Earth Exports; UK Labour Announces £300B Public Spending Plan
Key Takeaways
- China approved rare earth exports amid trade tensions with the US.
- UK Labour plans £300B investment in public services, largest since 2010.
- US-India trade talks extend, suggesting progress with a July deadline.
- UBS faces $26 billion in capital requirements from Swiss bank reforms.
- Lagarde: ECB policy 'well calibrated' for inflation, targeting medium-term goals.
Top Stories
China approves rare earth exports amid trade tensions.
On June 7, 2025, Beijing approved some rare earth export applications. This decision could potentially de-escalate tensions before upcoming trade negotiations between the US and China.
UK Labour to invest £300B in public services.
On June 8, 2025, it was reported that Britain’s Labour government plans a £300 billion ($406 billion) investment in public services. This would be the largest sustained funding increase since 2010, targeting healthcare, education, and transport.
US-India trade talks extend, progress expected.
On June 8, 2025, reports indicated that a US trade team extended its stay in India for negotiations. This extension suggests progress in the talks, with a deadline set for July.
UBS faces $26B capital requirements from Swiss reforms.
On June 7, 2025, Bloomberg reported that UBS is facing $26 billion in capital requirements due to Swiss bank reforms.
Lagarde: ECB policy 'well calibrated' for inflation.
In an interview broadcast on June 7, 2025, Christine Lagarde stated that the European Central Bank's latest interest-rate moves are designed to meet its medium-term inflation goal. She described the latest policy decision as “well calibrated.”
Central Bank Actions
ECB policy assumptions may need tweaking.
On June 8, 2025, Governing Council member Jose Luis Escriva suggested that the assumptions guiding European Central Bank monetary policy may need adjustments.
Nagel: ECB rate cut path uncertain, neutral territory.
On June 8, 2025, European Central Bank Governing Council member Joachim Nagel stated uncertainty about further interest-rate cuts this year and next. Bundesbank President Joachim Nagel also mentioned that the ECB has reached neutral territory with its monetary policy and rates.
Schnabel: Favorable moment to strengthen euro's role.
On June 7, 2025, European Central Bank Executive Board member Isabel Schnabel stated that it is a favorable time to strengthen the euro’s global role. This is due to investors increasingly turning to Europe; the article was updated on June 8, 2025.
Emerging Trends
Coinbase CEO: Bitcoin could become reserve currency.
On June 7, 2025, Coinbase CEO warned that Bitcoin could 'Take Over As Reserve Currency'. This would happen if the US fails to manage its debt.
Business News
American Vanguard cuts FY25 revenue outlook.
On June 7, 2025, American Vanguard reduced its FY25 revenue forecast to $535M-$545M. The previous outlook was $565M-$585M.
Cognizant may have renewed $1B deal with UnitedHealth.
Financial Health
Kiyosaki warns hyperinflation will wipe out millions.
Berkshire owns 400M shares of recession-proof stock.
On June 7, 2025, an article highlighted that Warren Buffett-led Berkshire Hathaway owns 400 Million Shares of a Recession-Proof Dividend Stock.
Market Overview
Article analyzes Broadcom Inc. (AVGO) crash.
On June 7, 2025, an article discussed the reasons behind the crash of Broadcom Inc. (AVGO) stock.
Analysts downgrade CrowdStrike, McDonald’s.
Newmont Corporation (NEM) stock crashed.
On June 7, 2025, Newmont Corporation (NEM) stock crashed, according to a report published on the same day.
Trending tickers: BTC, STLA, XRP, NFLX, ETH.
On June 7, 2025, several tickers were trending: BTC-USD at 105765.34 (+0.42%), STLA at 9.87 (+1.96%), XRP-USD at 2.26 (+3.18%), NFLX at 1241.47 (-0.72%), and ETH-USD at 2514.39 (+0.72%).